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'Unique prospecting style': Petronas makes six new oil and gas discoveries - Upstream Online

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‘Unique prospecting style’: Petronas makes six new oil and gas discoveries | Upstream Online

Petronas’ upstream company Petronas Carigali has revealed six oil and gas discoveries in five blocks offshore Sarawak, East Malaysia, with appraisal work under consideration ahead of potential development.

“This string of successful discoveries clearly shows the still untapped exploration potential of Malaysia’s basins,...

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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